When RFID was a in rave, I predicted that one day each of us will carry several on us all the time: in the shoes, glasses, sewed into the clothes, or even implanted into our body as part of some … Continue reading →

Barnes and Noble gave us lots of joy when the kids were growing up. Our normal source of books was the library. Each trip meant scarily large book bags filled to the brink each way. Unlike the library, Barnes and … Continue reading →

Didn’t Adam Smith teach us that the other side will pursue their own self interest? For centuries, we designed complicated incentives based on this teaching. The highest form of governance, or business, is to use the invisible hand to direct … Continue reading →

While the world watched the video feed showing oil guzzling out from the bottom of Mexico Gulf, a small pipe bursted near Dailian, a seaport on the north-eastern corner of China. The amount of oil was minuscule compared to the … Continue reading →

The Logic of Life: The Rational Economics of an Irrational World Tim Harford February 10, 2009978-0812977875 Free market will drive out bigotry, since prejudice is inferior and will eventually lose to the competition. This is, however, a long-term view. For … Continue reading →